How our Personal Pension works for you
Save for your retirement in a tax-efficient way with contributions from the government. See how your Personal Pension works for you.
Stop, start or change payments with no penalties
Flexible retirement options
You can choose how to use your pension money
Leave your money to a loved one
Choose who to leave your money to if you pass away
The value of your pension can go down as well as up and you may get back less than has been paid in.
What our Personal Pension offers
A personal pension is an easy and efficient way to start saving for your retirement.
- Manage online
Manage your pension online in MyAviva using your policy number. You can view your pension value, switch funds, change payments and even change your retirement age
- Flexible retirement options
From age 55 you’ll be able to take a lump sum payment, keep your pension invested and take money when you need to, convert it to a guaranteed income, or do a combination of these things
- Leave your money to a loved one
If you’d like to leave your pension to someone in particular, you can let us know. We’ll make sure we take your wishes into consideration before we make any payment
- Build around your budget
If you invest the minimum one-off payment of £10,000, you can choose to make a regular payment of £20 a month. Alternatively, if you invest the minimum regular payment of £200 a month, you can choose to make a one-off payment of £1,000
- Tax efficient
For every payment you make into your Personal Pension you get tax relief from the government. This means in most cases an additional 20% will be added. So if you pay in £80, the government will add a further £20. Tax benefits are subject to change, interpretation and depend on individual circumstances
Fair and transparent charges
We charge just 0.70% each year for managing your pension and investments. And if your pension savings go over £20,000 you’ll get a discount.
Investment funds can have additional yearly and fund manager expense charges.
Fund Centre for more details.or visit our
If you're looking to open a Personal Pension, you'll have to speak to a financial adviser. Their advice may come at an additional cost, but they can help you decide if this is right for you.
Looking for something else?
We offer a variety of retirement options to help you plan for the future you want.
Our Aviva Pension
Take control of your retirement with our self-invested pension. You can manage your account online, choose where to invest your money and get tax relief on your eligible payments.
If you’ve been enrolled into a pension with us by your employer, find out how it works and what’s in it for you.
Transfer your pensions
We can combine your existing pensions into one place with us so they’re easier to manage. And if you’re not sure whether you have any or where they may be, we can find them for you. Transferring isn't right for everyone and you need to consider the pros and cons. You may need advice for which you'll be charged. Capital at risk.
Take a look at our library of helpful articles and guides.
Are you making the most of your pension tax relief?
Everyone’s entitled to tax relief when they pay into a pension. Even non-taxpayers. So, what can you pay in and how much tax relief will you get?
Explore financial advice with confidence
This short video explains how our financial advice service works, the value and benefits, and how easy it is to arrange a no-obligation chat to decide on the next step.
We've made a huge difference to Jennifer
Jennifer wasn't keen on taking financial advice at first. Find out how we changed her mind and soon put her in a much better financial position.
6 ways to take control of your retirement planning
When planning your retirement, there are lots of things to consider, so here’s a checklist to get you started.
Stop your pension from running out early
How to make your retirement savings last a lifetime when taking a flexible income using drawdown.
Flexible pension withdrawals: 7 factors to consider
With greater flexibility over our pension savings in retirement, there’s more to consider before making one of the biggest financial decisions of your life.
When could equity release be the right solution?
We explain the different options for equity release, looking at the pros and cons of lifetime mortgages and home reversion plans.
Understanding your pension statement
Learn how to read your pension statement to plan your finances, understand charges, explore your investments and more.
What is equity release?
Equity release is a big financial commitment, so understanding what it would mean for you and your family is really important.
The value of financial advice
Where do you begin when it comes to seeking financial advice? Explore the difference between advice and guidance, independent and restricted in our financial advice guide.
Find your lost pensions
If you think you may have lost track of a pension pot, you shouldn’t worry. There’s a free government agency here to help.
The world of pensions
Find out about the different types of pension and how they can help you enjoy a happy and secure retirement.
Pensions jargon buster
Some pension terms can be a bit technical – or a bit vague. Don’t worry, we’re here to help.
How the State Pension works
Discover when you can claim your State Pension and how much it’s likely to be worth.
What is a lifetime mortgage?
Wondering what a lifetime mortgage is, and if it's suitable for you? This video explains what you need to consider when thinking about a lifetime mortgage.
Choosing a destination: cost of living, buying a property and healthcare.
Need help? Ask our chatbot
Product provided by: Aviva Life & Pensions UK Limited. Registered in England No. 3253947. Registered office: Aviva, Wellington Row, York, YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number: 185896.
Aviva UK Digital Limited introduces to Aviva Life & Pensions UK Limited for pensions. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen's, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985.